Strategic Approach to Address Employee Absenteeism with HR Analytics: Natco Pharma Limited (Hyderabad)

Abstract:

1) Purpose: The main purpose of this study is to understand the reasons for employee’s absenteeism and how to control with the help of HR analytics and its data points, which improves business in terms on productivity and profitability. Impact of introducing attendance bonus for employees, after getting feedback from employees through questioner. Implementing rewards/financial benefits to employees for motivating them to attend duties without absent and employer will be benefited with availability of employees to meet the market requirements. 2) Design/methodology: The research methodology used in this study will utilize a mixed-methods approach, integrating both quantitative and qualitative data gathering and analysis techniques. The collection of quantitative data will be accomplished by administering structured questionnaires to employees working in A Pharma company and HR Managers. The primary objective of this data collection is to evaluate the use of People analytics methods and their perceived influence on both business performance and employee absenteeism. The sample size of the article is 60 from the employee population of 600 and 10 from the HR team out of 20. 3) Findings: The study report shows that how People Analytics and Its Impact on Business performance - addressing Employee Absenteeism, a Pharma company (Hyderabad) to regulate the employee’s absenteeism through attendance bonus/incentive program, rewards & reorganizations, intern how the business performance is improved. There is a strong mediation played by the attendance bonus/incentive program, between business performance and employee absenteeism. There is a significant relationship of business performance and employee absenteeism with the existence of attendance bonus/incentive program.

Hence, organizations need to focus to find out reasons for employee absenteeism to address business problems with the help of people analytics.

Keywords:

Human Resource; People Analytics; Business Performance; Employee Absenteeism; Pharma Manufacturing Industry.

Citation: Ramesh Varma Rudraraju, Smruti Rekha Sahoo and A.V. Joga Rao (2024). Strategic Approach to Address Employee Absenteeism with HR Analytics: Natco Pharma Limited (Hyderabad). Horizon J. Hum. Soc. Sci. Res. 6 (S), 53–64. https://doi.org/10.37534/bp.jhssr.2024.v6.nS.id1253.p53